Problem:<\/p>\n
You have been assigned the job of forecasting your firm\u2019s sales.<\/p>\n
Sales for the past 10 periods are as following:<\/p>\n
PERIOD SALES<\/p>\n
1 188<\/p>\n
2 255<\/p>\n
3 355<\/p>\n
4 344<\/p>\n
5 399<\/p>\n
6 422<\/p>\n
7 401<\/p>\n
8 477<\/p>\n
9 499<\/p>\n
10 502<\/p>\n
You wish to forecast sales for period #11. What is the forecast for period #11 using the following methods:<\/p>\n
a. Na\u00efve Forecast<\/p>\n
b. 3-period moving average<\/p>\n
c. 3-period moving average, using weights of .5, .3 and .2<\/p>\n
d. Exponential smoothing, assuming a period 2 forecast of 188 and an alpha of .4<\/p>\n
e. Linear trend, using regression analysis and Excel as done in the example problem.<\/p>\n","protected":false},"excerpt":{"rendered":"
Problem: You have been assigned the job of forecasting your firm\u2019s sales. Sales for the past 10 periods are as following: PERIOD SALES 1 188 2 255 3 355 4 344 5 399 6 422 7 401 8 477 9 Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-55386","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/55386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=55386"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/55386\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=55386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=55386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=55386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}